Links 2 December 2013

Global Macro / Markets:

• The Biggest Winners From The Fed’s Decision Not To Taper QE – Capital Logix
• The Continuing Risk of Derivatives – Ineteconomics
• Martin Wolf: Banking, credit and money – CorEcon.org
• Bitcoin under pressure – The Economist
• OPEC rift emerging over Iraq output, possible return of Iran oil – Wall Street Journal
• Faber: ’We are in a massive speculative bubble’ – CNBC
• The risk that dare not speak its name – The Economist
• Back to Housing Bubbles by Nouriel Roubini – Project Syndicate
• The Bitcoin bubble – The Economist

North America:

• Presidents and the economy – EconBrowser
• Mortgages Without Risk, at Least for the Banks – New York Times
• How Wall Street has turned housing into a dangerous get-rich-quick scheme—again – Mother Jones
• Reducing the Impact of Too Big to Fail – New York Times

Europe:

• Iceland Reveals $1.25 Billion in Mortgage Cuts to Aid Recovery – Bloomberg
• Productivity in Italy: The great unlearning – VOX
• Downgraded Netherlands is another victim of EMU money mess – The Telegraph
• Euro-Area Inflation Holds at Less Than Half ECB Ceiling – Bloomberg
• Eurozone youth unemployment reaches record high of 24.4% – The Guardian
• Where Did All The German Savings Go? – Wall Street Journal
• Carney fires the first blast from “macro pru” – Financial Times
• EM ‘shock’ could push euro zone back into decline: S&P – CNBC

Asia:

• China’s crackdown on luxury gifts raises industry fears – Financial Times

Local:

• Qantas bailout is “wrong”: Peter Costello – The AFR
• Cash splash as miners pull-back – The AFR
• Gonski promise misunderstood: Abbott – The AFR ; The Guardian
• Public schools bear brunt of Gonski switch – The Guardian
• What is going on with the Abbott Government? – The AFR
• Abbott must focus on Budget, not polls – The AFR
• The political economy of getting the cities right – The AFR
• Reform vital for farming’s future – The Australian
• Call to benchmark drugs to overseas costs – The Australian
• Joe, your reasons on GrainCorp are pathetic – The Australian
• Business joy at seeing back of Labor has hit reality – The Australian
• The big foreign challenge – The Australian
• Clouds on horizon for living standards – The Age
• Gas comes off the backburner – The Age
• Exports threaten QLD, NSW gas supply – The Age
• Australia’s economy slowly grinding uphill – The Age
• Maximum caution as credit growth wanes – Business Spectator
• Abbott’s Government is bending the truth – The Guardian

Other:

• Colleges are teaching economics backwards – Washington Post